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Electronic information

IBM 2008 profit rose 26% in the first quarter revenue growth of 11%

In Electronic Infomation Category: R | on November   1, 2010

IBM announced first quarter results, profit rose 26%, exceeding Wall Street expectations.

According to foreign media reports that the first quarter of this year, IBMs net profit a year earlier to 18.4 billion dollars to 23.2 billion from the $ 1.21 earnings per share increased to $ 1.65. Revenue of 24.5 billion, an increase of 11%. Statistics from Thomson Financial, analysts on the IBM first-quarter revenue and UC3842AD datasheet and earnings per share were $ 23,700,000,000 expected and UC3842AD price and $ 1.45.

IBM said, if you do not calculate the exchange rate factor, its revenue grew by only 4%.

IBM Chief Financial Officer Mark expects earnings per share in 2008 will reach at least $ 8.50. Analysts expect this figure to $ 8.25.

The first quarter of the service sectors revenue reached 146 billion U.S. dollars, an increase of 17%. However, the first quarter of the value of the contract IBM was only 10.8 billion, down 2%.

IBM software revenues of 48 billion U.S. dollars, an increase of 14%.

Hardware revenue was 4.2 billion, down 7%. If you take into account the 2007 IBM sold its printer business sector, the magnitude of decline in hardware revenues will be only 2%.

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